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IEBC interviews for commissioners kick off today
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
Candidate withdraws from IEBC job race over forged Kemu degree
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Alcohol-based hand sanitisers to attract 18% GST
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Daily Times Says WHT rates for industrial, commercial consumers revised
July 5, 2021
The Federal Board of Revenue (FBR) has said that export of services has been brought under final tax regime with effect from July 01, 2021.
The FBR in an explanation to Finance Act, 2021 stated that in line with the policy of the government to attract legal flow of remittances into the country and to promote export of services in all sectors of economy, a special regime at par with export of goods regime has been introduced through insertion of section 154A of the Income Tax Ordinance, 2001.
The service providers would be subjected to 1 per cent withholding tax under Division IVA of Part III of First Schedule of the Ordinance on their export proceeds remitted in Pakistan through Banks and authorised dealers of foreign exchange. This would be the final tax, said the FBR.
Clampdown on secessionists: After Kanu, FG tightens noose on Igboho
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